$3.6 Million an Hour—and Other Ways to Measure Elon Musk’s Fortune
Millions of houses, thousands of jets, every NFL and NBA team—imagine the things a trillionaire could buy.
3 min
The initial public offering for SpaceX could make Elon Musk the world’s first trillionaire. Just how wealthy is the tech founder?
His fortune now stands at roughly $970 billion, mostly in stock, according to a Wall Street Journal analysis.
Accumulating that amount over his career averages out to $992 a second.
Musk’s wealth includes $538 billion for his pre-IPO stake in SpaceX, $167 billion for his stake in Tesla , and another $150 billion or so for stock options in those companies he could exercise just about any time, the Journal analysis found.
Then there is $5 billion apiece for The Boring Company, which drills tunnels, and Neuralink, the brain-implant firm he founded, and $104 billion in property, aircraft and other investments and assets as estimated by Altrata, a wealth-intelligence firm
He has made about $3.6 million an hour over 31 years
Musk is 54 years old and co-founded the first of his many U.S. tech- and engineering-oriented companies in 1995, 31 years ago. To amass $970 billion in that time meant accumulating roughly:
An American household earning the median U.S. income ($83,730 in 2024) would have to work more than 11 million years to make his wealth.
To be sure, the success of Tesla and SpaceX also has made billions of dollars for investors who bet on Musk and made millionaires of employees who got shares in the businesses.
Ingrid Robeyns, a philosopher and economist, has written that the wealth of the world’s richest has soared so much it is nearly incomprehensible for laypeople to grasp.
She recently estimated that Musk would make about $4.2 million an hour in his career, if he worked 70 hours a week without vacations until he is 75 years old.
Musk, of course, is known for sleeping on factory floors and rarely taking vacations. After buying Twitter, he has said, his work exploded to more than 120 hours a week from about 80 hours before.
Buy 2.4 million U.S. homes or 10,000 private jets
Most of Musk’s wealth is tied up in his companies. He famously said in 2020 that he would “own no house” and sold off several California properties, only to later buy homes in Texas.
Musk can borrow billions against his holdings in SpaceX and Tesla, but much of his wealth is on paper—not cash he can easily spend.
Here are some things a person with $970 billion could do with that amount of money:
$970 billion is bigger than the yearly output of most countries
Musk’s net worth eclipses the annual economic activity of more than 125 countries, including Norway, Thailand, Argentina and South Africa.
His self-made fortune, built on electric vehicles rocket ships and artificial-intelligence ambitions amounts to about 3% of U.S. gross domestic product today. On that basis, he easily surpasses John D. Rockefeller , the richest American who ever lived before Musk.
A century ago, Rockefeller rode the wave of industrialisation by building Standard Oil into a behemoth, wielding influence over railroads and pipelines. The monopoly was ultimately broken up by the federal government.
Rockefeller amassed a fortune of about $1.4 billion by 1937—roughly 1.5% of U.S. GDP at the time. Here is how that compares in terms of today’s economy:
This explanatory article may be periodically updated.
Sources: Altrata (Musk net worth excluding options; Bezos, Ellison and Zuckerberg net worth); Securities and Exchange Commission filings (Tesla and SpaceX stock options); Census via St. Louis Fed (2024 median U.S. annual household income, first-quarter 2026 median U.S. house sale price); Forbes (NFL and NBA team values); Liberty Jet (G700 operating costs); International Monetary Fund (2026 GDP by country); Harvard Business School case study (Rockefeller wealth) undefined Photos: Getty Images (Musk); Associated Press (Musk, Bezos, NBA, NFL); Reuters (Zuckerberg, Ellison); Bloomberg (homes, jet)
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As interest rates, inflation and market sentiment fluctuate, investors are being urged to focus on data, not panic.
The Federal Budget may have softened some of its proposed tax reforms, but it has exposed a bigger issue: too many families are relying on wealth structures that no longer reflect the realities of modern life.
3 min
For many Australians, the 2026 Federal Budget initially felt like a direct challenge to the way wealth is created, held and transferred between generations.
The headlines were immediate: changes to capital gains tax, reforms to discretionary trusts, restrictions on negative gearing and increased scrutiny of investment structures. Unsurprisingly, affluent families, business owners and investors began asking the same question:
Is the way we hold our wealth still fit for purpose?
In recent days, the government has announced several significant amendments following industry consultation and public feedback, including exempting testamentary trusts from the proposed 30 per cent minimum tax and expanding capital gains tax concessions for small businesses.
The backdown is welcome. But it also highlights something much bigger.
This Budget has accelerated a conversation that many Australian families have been postponing for years.
The conversation is not really about tax. It is about wealth stewardship.
For decades, Australians have built wealth through businesses, property, investments and careful long-term planning. Yet many families have not revisited the legal structures surrounding those assets in years, sometimes decades.
We often see clients who have spent years building significant wealth, only to discover their legal arrangements no longer reflect their current circumstances.
Their children are now adults. They may own multiple properties.
They may have sold a business, entered a second marriage, become grandparents or accumulated digital assets that did not exist when their original estate plans were prepared.
The trust that distributes income may need to be reconsidered. The bucket company may no longer be so attractive.
The Budget has simply exposed a reality that already existed: wealth structures cannot remain static while life continues to evolve.
Importantly, trusts themselves are not the issue.
Trusts are legitimate planning tools that provide flexibility, protection and continuity. When used appropriately, they allow families to adapt to changing circumstances over time.
And neither is tax the issue, really. Getting the fundamentals right is more important for long-term, sustainable wealth than a few favourable tax treatments around the edges.
The real issue is complacency.
Too often, families create structures and assume the job is done. It isn’t.
Estate planning is no longer a document you sign once and file away in a drawer. It is an ongoing process that should evolve alongside your life.
We are also seeing a broader shift in how Australians define wealth itself. It is no longer just the family home and an investment portfolio.
Modern wealth includes businesses, digital assets, cryptocurrency, intellectual property, frequent flyer points and increasingly complex family arrangements.
At the same time, Australians are living longer than ever before, meaning wealth may need to support multiple generations simultaneously. This creates new responsibilities and new risks.
How do you help your children enter the property market without exposing family wealth to relationship breakdowns?
How do you structure wealth so that it remains a source of opportunity rather than future conflict?
These are the questions families should be asking now.
The recent debate surrounding testamentary trusts also serves as an important reminder that policy decisions can have unintended consequences for vulnerable Australians. It is encouraging that the government has listened to feedback and clarified its position.
But the lesson remains: the wealth landscape is changing.
Increasingly, governments, regulators and tax authorities are paying closer attention to how wealth is held and transferred. That means families cannot afford to adopt a “set-and-forget” approach to their structures.
The families who will be best placed for the future are not necessarily those with the greatest wealth.
They are the families with the greatest clarity. Clarity around ownership, succession and governance. And clarity around how wealth will transition from one generation to the next.
Ultimately, preserving wealth is not about avoiding change.
It is about preparing for it.
Because the greatest risk is not change itself.
It is losing the ability to respond to it.
Anthony Hunt is Co-Founder of Wealth Lawyers and former COO of Westpac Private Bank. He advises business owners, investors and affluent Australian families on wealth protection, succession planning and intergenerational wealth transfer
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